CSI Accounting & Payroll
267 FOLLOWERS
Account and payroll resources and information for small- to medium-sized business owners.
CSI Accounting & Payroll
1w ago
Whether you want to leave it to a relative or sell it at the highest dollar, you have an idea of the end game for your small business – at least somewhat.
When you’re looking into partnering with a year-round accounting service, you know that you might not see value today, but an accountant can help you add value to your business and retire one day.
At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. Throughout that time, we’ve had many clients reach the point when they can enjoy their retirement. However, before getting to that point, they’ve asked us:
How ..read more
CSI Accounting & Payroll
1w ago
If you started with an interest and turned it into a hobby, that’s awesome! But how can you tell when your hobby becomes a business? You need to know for tax purposes.
At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. We know that if a prospect comes to us seeking accounting for a hobby, they wouldn’t be getting the right value from our service.
While there are no formal requirements that you must meet to be a business, there are indicators that can add up. Just keep in mind that the IRS gets the final say if they don’t feel like you’re a business.
S ..read more
CSI Accounting & Payroll
1w ago
When you own a small business, it can be hard to know who to partner with for certain situations. What’s the difference between a tax attorney and an accountant? How do you know when you need to work with each of them?
At CSI Accounting & Payroll, we’ve worked with small business taxes for over 50 years. We’ve spoken to tons of business owners who want to know if they need a tax attorney or an accountant for the following situations:
Filing taxes
Income tax audits
Tax court ..read more
CSI Accounting & Payroll
1w ago
Setting up your chart of accounts is one of the first things you do when starting bookkeeping for your business, and it can also change over time.
There’s not a “one size fits all” chart of accounts; the categories on it will vary based on your business’s needs and the information you want to focus on. How do you know if you have the right categories? What if it’s too long – or even too short?
At CSI Accounting & Payroll, we’ve worked with small business accounting – including setting up and changing charts of accounts – for over 50 years. We’ve gotten a lot of questions about charts of a ..read more
CSI Accounting & Payroll
1w ago
So, you’re the owner of a small business that has fallen a little behind, and your taxes didn’t get filed.
We all know this can be a pretty big deal, especially if you didn’t get an extension, but what can you do about it? You’ll have to go back and get your taxes filed.
However, if you’re not very far behind, will you have to adjust some months in your books as well? After all, if you already paid a professional to do them, you don’t want to pay for it twice if you don’t need to.
At CSI Accounting & Payroll, we’ve worked with small business accounting and taxes for over 50 ye ..read more
CSI Accounting & Payroll
1w ago
When you start a new business, you can find yourself going through your funding faster than you expected due to a lack of financial insight. It’s hard to guess what the future holds!
You never want to use debt to operate your business, such as taking out a predatory loan just to run your payroll. However, if you’re looking for more funding to grow your business, SBA loans can be exactly what you need!
CSI Accounting & Payroll has worked with small business finances for over 50 years. Since then, we’ve talked to lots of owners of new businesses who want to know:
What do I need to kn ..read more
CSI Accounting & Payroll
1w ago
Hi! You probably just discovered CSI and are wondering if you have the potential to be one of our success stories.
We can’t guarantee that your dreams will come true just by signing up, but we can talk about the traits we see in our successful clients. If you also have these traits, it could indicate a path to success!
Here are the 12 most common traits we see in our most successful clients ..read more
CSI Accounting & Payroll
1w ago
As the owner of a small business, you may find yourself curious about job costing. That’s a good thing! It means you want more insight into your finances and productivity.
However, most payroll providers don’t offer full and true job costing. (We can’t think of anybody who does!) Is there any way around this?
At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. We’ve been asked if we can do job costing through payroll. We don’t advertise that we do job costing, but we have methods to do “estimated job costing”.
In this article, we’ll tackle these questi ..read more
CSI Accounting & Payroll
1w ago
When COVID hit, a lot of businesses took advantage of government programs that were designed to protect them from lockdowns. The ERC (Employee Retention Credit) was one of those programs that encouraged businesses to keep their employees on payroll.
Unfortunately, the government has since halted ERC payments. A lot of this is due to the overwhelming amount of fraud in people claiming the credit.
Some fraud is done intentionally by business owners, but a large portion is the fault of predatory ERC services. They reach out to business owners and claim they can obtain the credit without kn ..read more
CSI Accounting & Payroll
1w ago
Many of us know the feeling; you get a paper financial document early on in your business’s journey, but by the time you need it, it’s nowhere to be found.
Maybe you didn’t know you needed it. Maybe you lost it while reorganizing your office. Maybe you never even opened it and it ended up in the trash. We’ve seen it all before.
What do you do then? It mostly depends on the issuer of each item. Did it come from the federal or state government, and which department?
At CSI Accounting & Payroll, we’ve worked with small business financials for over 50 years. Even though most of our clie ..read more